Why Marriott Stock Was Up Big on Tuesday
Shares of Marriott International (NASDAQ: MAR) were on the rise on Tuesday, up 4.38% to $150.92 at the closing bell. It was a good day on the markets overall, as the Dow Jones Industrial Average was up 754 points, or 2.43%, while the S&P 500 finished up 105 points, or 2.76%, on the day.
Marriott's jump was due to several factors, but perhaps most notably, it spiked on a very positive industry report.
Smith Travel Research, which is the primary data source for hotel industry trends, released its monthly hotel performance report for June on Tuesday, and it was a doozy.
Source Fool.com
